The two reasons they gave for the "overhaul" to healthcare: "to cut costs" - NOPE ,costs will go up actually. "to insure everyone" - NOPE, 10s of millions will still be uninsured. In other words, the plan is a total failure. This is about power and control.

A little known fact of the Obamacare Law (among many other unpleasant surprises in the fine print you can be sure) is a 3.8% tax to be imposed when you sell your home--most people's greatest or only asset. 3.8% to Uncle Sam right off the bat. So how will that tax impact those who are involved in distress sales, who are underwater on their homes?

The authors of the article are salivating over the estimated revenue increases as tax-and-spend advocates always do, and they will be as disappointed as those always are when that revenue somehow fails to appear. They are, in fact, attempting to compare speculation with real data. “Truth-o-meter”? That’s pretty funny, actually.

Did these idiots include the cost of multiplying the number of uncovered months, times the weighted average of the monthly premium for a plan in the persons coverage class and coverage area plan, then add a 15 percent surcharge after that? That is now considered a tax.

If not they are f’ing liars.

Next you need to figure the amount of actual cost of your plan because if you do not pay you are paying the tax described in the first paragraph.

If Obamacare is enacted fully, the tax implications will be enormous over a long, long time. Look at Medicare and SS. Obamacare is the third and final piece of the puzzle that gives the government total control over health care. The period thru 2019 is just a downpayment on the total cost of Obamacare.

The CBO numbers are the originals. The CBO has updated things a couple of times. Ironically, the CBO has reduced the anticipated tax revenue and adjusted the cost for Obamacare up by almost 2x.

With regards to how this “tax increase” scales, they have also left out the additional costs to the consumers ($1,200 fines, etc.) There is no way to measure the tax increase specifically.

The reality of it is that our healthcare industry was one of the very few (gun/ammunition manufacturers) that was in the green/black during these economic times. The cost and regulatory compliance issues are going up for pharmacuitacle companies, medical device manufactures, doctors, hospitals, etc. There is no way to measure that impact to our healthcare industry.

Folks should start their own medical savings accounts and be prepared to pay doctors in cash.

Very interesting reaction up here in Canada. I was at a citizen forum discussing suggestions to improve the health care system here. The Supreme court decision came up and the people at my table couldn’t believe it went to the Supreme Court basically saying how the hell else are you going to pay for universal coverage without drawing on taxes as a revenue source.

The author seem only to be looking at the various taxes included in the bill. Is he also taking into account the costs of insurance premiums that are MANDATED, and according to Justice Roberts are considered a tax? If he’s not, then HE is the one who is wrong.

A tax is a tax no matter how large or small. The majority of us cannot afford more of them. They add up and make slaves of those of us forced to pay them.

The supreme court just gave the green light for the government to tax us with unlimited power. There is nothing objective or fair about this system of institutionalized slavery. We must severely limit the governments power to tax us to destitution and death.

This slavery is justified by Homeland security as productive US citizens are deemed a greater threat to this country than the Muslim Brotherhood. We are the evil preventing the implementation of their imperial dreams.

Moot. This is much, much bigger than just a tax applied for failure to comply with Obamacare. SCOTUS just gave the other branches of government complete power to apply taxes to anything they deem required and not complied with. The door has been kicked down.

26
posted on 06/29/2012 9:57:47 AM PDT
by TADSLOS
(The Liberty Experiment is over. All aspects of your life will now be MANDATED.)

WTF, A tax hike is a friggin tax hike and who the heck cares how large it is, we are in a damn depression and Marxists are finding new and better way to raise taxes so that can promise more goodies to the losers in life. Excuse my usage of words and anger.

29
posted on 06/29/2012 9:58:58 AM PDT
by Trueblackman
(I would rather lose on Conservative principles than vote for a RINO candidate.)

So what? It's too big. More and more of our money and control is funneled through the notoriously inefficient federal government. The feds should not run things that should be handled by states or individuals. To the Washington elite, we are all incompetent. Funny how that sentiment is mutual.

31
posted on 06/29/2012 10:14:20 AM PDT
by BitWielder1
(Corporate Profits are better than Government Waste)

This looks about right, even as they are using goalseeking CBO numbers, the total % of GDP of the ACA taxes will not go above 0.75% of GDP.

What is interesting is the updated note on the bottom of the link source:

UPDATE: Some readers noticed that our initial analysis of Limbaughs claim failed to include references to the penalty that people who declined to purchase health insurance would be asked to pay. After all, the Supreme Court declared that penalty a tax.

The CBO figure we used for our calculation, a total of $104 billion in revenue generated in 2019, is inclusive of all revenues, including the penalty or tax individuals might pay if they do not purchase health insurance. The figure for that year was estimated to be $14 billion for penalties paid for by employees and individuals. (Page 19 of this report.) http://cbo.gov/sites/default/files/cbofiles/ftpdocs/113xx/doc11379/amendreconprop.pdf

Going to page 19 shows the CBO expects in 2019, that 20.1 Million American Slaves (exlcuding illegal aliens, and any member of a religion that doesn’t contribute to Social Security), will NOT buy health insurance AND Pay the IRS penalty.

CBO is estimating that the ACA will only cut the number of uninsured by 2/3rds over the next 7 years.

The one thing that bothers me about this ruling is that now it seems the government can ask you to do whatever it wants and if you don’t you have to pay a penalty(tax). don’t buy that.. tax.. buy that.. tax. fun.

ALL Americans will be hit with the Individual Mandate Tax which will require a couple to pay the higher of a base tax of $1,360 per year, or 2.5% of adjusted growth income starting with lower base tax and rising to this level by 2016. Individuals will see a base tax of $695 and families a base tax of $2,085 per year by 2016.

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